Forex – dollar retreats after figures from the ADP

© Reuters. – The greenback fell on Wednesday, the weakness of the data on wages highlighted concerns over the strength of the economy.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.2% 96,70 at 09h24 (14: 24 GMT).

The payment processor ADP (NASDAQ: ADP) has declared that the american private sector was its employment growth lowest in 18 months. The weakness of the figures argues for a break from the u.s. federal Reserve in the face of rising rates, the central bank remained concerned about the slowdown of domestic growth.

“The companies hire with caution as the economy barely to release its fiscal stimulus, the uncertainty of the exchanges and the impact delayed the tightening of the Fed,” said Mark Zandi, chief economist at Moody’s Analytics.

“If employment growth slows down a lot, the unemployment will start to increase”, he added.

The dollar rose against the yen refuge, the USD / JPY has gained 0.1% to 111.43.

Elsewhere, the british pound is slightly adjusted so that the First minister Theresa May is preparing to meet with the leader of the opposition, Jeremy Corbyn, in order to put an end to the impasse of the Brexit in Parliament. The GBP / USD was up 0.2% at 1,3145.

The United Kingdom was initially expected to leave the EU on 29 march, but the deadline has been extended to April 12, in order to give the british parliament more time to approve the withdrawal agreement. But the agreement failed to get a majority three times.

The Prime minister should ask the EU for an extension until may 22.

Elsewhere, the USD / CAD has lost only 0.1% 1,3330 and the EUR / USD has gained 0.3% to 1,1230.

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